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3 years ago

What is the rate of return when 30 shares of Stock

Business

1 answer:

sattari [20]3 years ago

6 0

Answer:

-0.67%

Explanation:

We are told that 30 shares of Stock are purchased for $30/share..

This gives a total value of: 30 × 30 = $900.

Now,they are sold for $900 with a commission of $6. This means the final money getting to the seller is; 900 - 6 = $894.

Thus; rate of return percentage = (894 - 900)/894) × 100% = -0.67%

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Philanthropic corporate social responsibility (CSR) serves as philanthropic approach to CSR in which organizations target programs that will generate the most positive publicity.

<h3>What is Philanthropic corporate social responsibility?</h3>

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Learn more about Philanthropic corporate social responsibility at:

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2 years ago

Bob is a manager at a local toyota dealership who has lost five of his employees during the last year. now he has to make a deci

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3 years ago

Masterlink Co., in applying the lower of cost or market method, reports its inventory at net realizable value. Which of the foll

nasty-shy [4]

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Explanation:

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3 years ago

The following are the trial balance ind the other information related to Perez Consulting Engineers. Perez Consulting Engineers

Leya [2.2K]

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3 years ago

Pierce Corporation exchanged old equipment for new equipment. The original cost of the old equipment was $120,000, and its accum

ololo11 [35]

Answer:

new equipment 50,000 debit

accumulated depreciation 40,000 debit

loss at disposal: 30,000 debit

old equipment 120,000 credit

--to record trade of equipment--

Explanation:

Let's break the transactions into small parts:

We need to remove the old equipment from accounting along with their accumulated depreciation so:

accumulated depreciation 40,000 debit

old equipment 120,000 credit

Then, we debit the new equipment at fair value:

new equipment 50,000 debit

Last, assuming the trade has commercial substance: we recognize the gain or loss on sale:

book value of traded equipment: 80,000

fair value of new equipment: 50,000

loss at disposal: 30,000

<u>Thus, the journal entry will be as follows:</u>

new equipment 50,000 debit

accumulated depreciation 40,000 debit

loss at disposal: 30,000 debit

old equipment 120,000 credit

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3 years ago